Stock Market & Financial Investment News

On The Fly: After Hours Movers GAINERS: Zhaopin Ltd (ZPIN), up 3.9% after Tiger Global reported a 18.6% passive stake in the company. UP AFTER EARNINGS: Sonic Corporation (SONC), up 1.5%. DECLINERS: Mercadolibre (MELI), down 1.65% after filing a $300M convertible offering... Hilton (HLT), down fractionally after filing to sell 90M shares of common stock for selling stockholders. DOWN AFTER EARNINGS: Giga-tronics (GIGA), down 10.22%... Micron (MU), down fractionally after reporting Q3 earnings results.

Micron, Intel to discuss technology similar to HP memristor, Hesseldahl saysArik Hesseldahl of Re/code said on Twitter: "Intel and Micron are going to disclose technology similar to HP's memristor technology. It will be called: 3D XPoint" Reference Link

Micron and Tsinghua fail to reach consensus in tie-up talks, DigiTimes reportsMicron and Tsinghua Unigroup failed to reach a consensus although it is negotiating a possible tie-up in DRAM business, reports DigiTimes. According to industry sources, Micron wanted to have absolute control over the production capacity the company would share with Tsinghua while the China chipmaker had no interest in just being a manufacturing partner of the US vendor. The sources add that Tsinghua could be the one spreading the rumors that it is looking to make an offer for Micron. Reference Link

Micron calls Tsinghua takeover offer unrealistic, Reuters reportsMicron has told Tsinghua Unigroup that its $23B takeover offer is unrealistic due to U.S. national security concerns, reports Reuters, citing people familiar with the matter. Sources said Micron believes the Committee on Foreign Investment in the United States, a government task force which Reuters notes has the power to stop mergers that threaten national security, would not approve Tsinghua's proposed deal. Micron has not formally hired an investment bank because it is not seriously considering Tsinghua's offer, the sources added. Reference Link